Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $49,346

• 2a · Program service revenue: MEMBERSHIP DUES

  total $2,065,181 · related or exempt $2,065,181

• 2b · Program service revenue: CONVENTIONS

  total $1,474,041 · related or exempt $1,474,041

• 2c · Program service revenue: MUSICAL EXPERIENCE

  total $474,215 · related or exempt $474,215

• 2d · Program service revenue: CHAPTER REIMBURSEMENTS

  total $152,680 · related or exempt $152,680

• 2e · Program service revenue: IMAGE

  total $57,012 · related or exempt $57,012

• 2f · All other program service revenue

  total $51,491 · related or exempt $49,181 · unrelated business $2,310

• 3 · Investment income

  total $14,271 · excluded $14,271

• 5 · Royalties

  total $884 · excluded $884

• 7a · Gross sales of assets other than inventory

  securities $15,165

• 7b · Less cost or other basis and sales expenses

  securities $15,310

• 7c · Gain or loss

  securities -$145

• 7d · Net gain or loss

  total -$145 · excluded -$145

• 10a · Gross sales of inventory

  $617,981

• 10b · Cost of goods sold

  $573,673

• 10c · Net income from sales of inventory

  total $44,308 · related or exempt $44,308

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,514 · program services $15,514

• 2 · Grants to domestic individuals

  total $188,101 · program services $188,101

• 3 · Grants to foreign organizations and individuals

  total $32,142 · program services $32,142

• 5 · Compensation of officers, directors and key employees

  total $640,914 · program services $406,626 · management and general $234,288

• 7 · Other salaries and wages

  total $1,079,617 · program services $853,119 · management and general $82,498 · fundraising $144,000

• 8 · Pension plan contributions

  total $42,494 · program services $37,948 · management and general $4,546

• 9 · Other employee benefits

  total $107,299 · program services $93,970 · management and general $13,329

• 10 · Payroll taxes

  total $128,107 · program services $103,273 · management and general $24,834

• 11b · Fees: legal

  total $3,414 · management and general $3,414

• 11c · Fees: accounting

  total $45,614 · management and general $45,614

• 11g · Fees: other

  total $15,017 · management and general $15,017

• 12 · Advertising and promotion

  total $363 · program services $363

• 13 · Office expenses

  total $260,202 · program services $257,159 · management and general $3,043

• 14 · Information technology

  total $168,101 · program services $136,109 · management and general $31,992

• 16 · Occupancy

  total $133,823 · program services $107,880 · management and general $25,943

• 17 · Travel

  total $83,432 · program services $52,216 · management and general $30,360 · fundraising $856

• 19 · Conferences, conventions and meetings

  total $954,978 · program services $891,887 · management and general $63,091

• 20 · Interest

  total $151,329 · management and general $151,329

• 22 · Depreciation, depletion and amortization

  total $261,150 · program services $210,526 · management and general $50,624

• 23 · Insurance

  total $26,514 · program services $21,373 · management and general $5,141

• 24a · Other expenses: MISCELLANEOUS

  total $108,840 · program services $81,918 · management and general $26,922 · fundraising $0

• 24b · Other expenses: MUSIC EDUCATION & COMPE

  total $102,502 · program services $102,502

• 24c · Other expenses: MEMBER SERVICES

  total $38,140 · program services $32,225 · management and general $5,915

• 24d · Other expenses: TRAINING AND LEADERSHIP

  total $20,925 · program services $20,925

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,563 · end of year $30,042

• 2 · Savings and temporary cash investments

  beginning of year $309,790 · end of year $362,317

• 3 · Pledges and grants receivable

  beginning of year $1,315,930 · end of year $790,854

• 4 · Accounts receivable

  beginning of year $63,630 · end of year $42,032

• 8 · Inventories for sale or use

  beginning of year $93,353 · end of year $69,470

• 9 · Prepaid expenses and deferred charges

  beginning of year $201,056 · end of year $227,613

• 10a · Land, buildings and equipment: cost or other basis

  $7,421,672

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,574,189

• 10c · Land, buildings and equipment, net

  beginning of year $3,134,967 · end of year $2,847,483

• 11 · Investments: publicly traded securities

  beginning of year $334,696 · end of year $366,796

• 14 · Intangible assets

  beginning of year $16,216 · end of year $16,051

• 15 · Other assets

  beginning of year $1,153,303 · end of year $1,329,887

• 17 · Accounts payable and accrued expenses

  beginning of year $442,924 · end of year $370,316

• 19 · Deferred revenue

  beginning of year $1,201,225 · end of year $1,571,121

• 23 · Secured mortgages and notes payable

  beginning of year $3,621,073 · end of year $2,752,742

• 25 · Other liabilities

  beginning of year $329,672 · end of year $318,820

• 27 · Net assets without donor restrictions

  beginning of year -$1,199,767 · end of year -$782,719

• 28 · Net assets with donor restrictions

  beginning of year $2,239,377 · end of year $1,852,265

The filer's explanations (Part III)

PART I, LINE 4A

THE FORMER CEO AND THE BOARD REACHED AN AGREEMENT ON THE SEPARATION WITH THE ORGANIZATION. CONTRACTUAL PAYMENTS UNDER THE CEO'S EMPLOYMENT AGREEMENT RESULTED IN SEVERANCE PAYMENTS ACCRUED BY THE ORGANIZATION IN 2023 WITH PAYMENTS MADE BY THE ORGANIZATION THROUGH NOVEMBER 2024. THERE ARE NO ACCRUED SEVERANCE PAYMENTS AS OF 12/31/2024.